Vibe Syndicate Management closes business units
The Lloyd’s MGA is to cease underwriting new and renewal accident & health and property D&F business amid strategic review as it pledges “orderly transition” for customers and brokers.
Vibe Syndicate Management, a Lloyd’s managing agent, has closed its accident & health and property D&F units and will stop underwriting new and renewal business immediately.
Joe England, the syndicate’s CEO who is also CEO of Syndicate Holding Corp, commented: “As we continue our strategic review of the Vibe business we have decided to cease underwriting new and renewal accident & health and property D&F business, until such time as the market returns to a more sustainable economic footing.”
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